VIRGA: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
VIRGA
NACE 47.791, Retail sale of antiques
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€11,032
2024 · €3,395-€14,427
Equity
€1.6m
2024 · €1.7m-€11,032
Cash
€1,960
2024 · €71+€1,889
Balance sheet total
€2.1m
2024 · €2.2m-€23,636
Largest movements
Assets
- Receivables within one year +€82,448
up €82,448 (+32.1%), from €257,057 to €339,504
of which Other amounts receivable: +€76,291
- Tangible fixed assets -€60,999
down €60,999 (-5.0%), from €1.2m to €1.2m
of which Plant, machinery and equipment: -€41,898
- Receivables after one year -€46,200
down €46,200 (-15.0%), from €308,100 to €261,900
Equity and liabilities
- Advances received -€23,243
no longer reported in 2025 (was €23,243)
Income statement
- Gross operating margin -€17,336
down €17,336 (-21.4%), from €80,943 to €63,606
- Financial charges -€6,016
down €6,016 (-87.5%), from €6,872 to €857
of which Non-recurring financial charges: -€5,885
- Other operating charges +€2,333
up €2,333 (+16.5%), from €14,159 to €16,492
- Financial income -€1,386
down €1,386 (-13.0%), from €10,629 to €9,243
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
€3,395
Gross operating margin
-€17,336
Depreciation
-€114
Other operating charges
-€2,333
Financial income
-€1,386
Financial charges
+€6,016
Taxes
+€727
Result 2025
-€11,032
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€9,941
Investment
-€8,052
Financing
€0
Cash 2024
€71
From operations (derived)
+€9,941
Net result for the year
-€11,032
Depreciation
+€67,143
Receivables after one year
+€46,200
Receivables within one year
-€82,448
Deferred charges and accrued income
+€2,681
Provisions
-€5,113
Trade debts
+€17,654
Tax, wage and social debts
-€16,868
Advances received
-€23,243
Other debts
+€4,338
Accrued charges and deferred income
+€10,629
Investment (derived)
-€8,052
Investment in fixed assets (net)
-€8,052
Cash 2025
€1,960
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,152,472 | €2,128,836 | -€23,636 | -1.1% |
| Fixed assets | 21/28 | €1,255,702 | €1,196,611 | -€59,091 | -4.7% |
| Tangible fixed assets | 22/27 | €1,218,482 | €1,157,483 | -€60,999 | -5.0% |
| Land and buildings | 22 | €620,932 | €602,055 | -€18,876 | -3.0% |
| Plant, machinery and equipment | 23 | €364,048 | €322,149 | -€41,898 | -11.5% |
| Furniture and vehicles | 24 | €233,503 | €233,278 | -€224 | -0.1% |
| Financial fixed assets | 28 | €37,220 | €39,128 | +€1,908 | +5.1% |
| Current assets | 29/58 | €896,770 | €932,225 | +€35,455 | +4.0% |
| Amounts receivable after more than one year | 29 | €308,100 | €261,900 | -€46,200 | -15.0% |
| Other amounts receivable | 291 | €308,100 | €261,900 | -€46,200 | -15.0% |
| Stocks and contracts in progress | 3 | €312,146 | €312,146 | = | 0.0% |
| Stocks | 30/36 | €312,146 | €312,146 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €257,057 | €339,504 | +€82,448 | +32.1% |
| Trade receivables | 40 | €47,857 | €54,014 | +€6,157 | +12.9% |
| Other amounts receivable | 41 | €209,200 | €285,491 | +€76,291 | +36.5% |
| Cash at bank and in hand | 54/58 | €71 | €1,960 | +€1,889 | +2644.8% |
| Deferred charges and accrued income | 490/1 | €19,396 | €16,715 | -€2,681 | -13.8% |
| Total equity and liabilities | 10/49 | €2,152,472 | €2,128,836 | -€23,636 | -1.1% |
| Equity | 10/15 | €1,656,637 | €1,645,605 | -€11,032 | -0.7% |
| Contributions | 10/11 | €800,000 | €800,000 | = | 0.0% |
| Revaluation surpluses | 12 | €153,204 | €153,204 | = | 0.0% |
| Reserves | 13 | €122,675 | €112,746 | -€9,929 | -8.1% |
| Non-distributable reserves | 130/1 | €32,435 | €32,435 | = | 0.0% |
| Reserves not available under the articles | 1311 | €32,435 | €32,435 | = | 0.0% |
| Tax-exempt reserves | 132 | €83,109 | €73,180 | -€9,929 | -11.9% |
| Distributable reserves | 133 | €7,131 | €7,131 | = | 0.0% |
| Profit (loss) carried forward | 14 | €580,758 | €579,655 | -€1,103 | -0.2% |
| Provisions and deferred taxes | 16 | €42,795 | €37,682 | -€5,113 | -11.9% |
| Deferred taxes | 168 | €42,795 | €37,682 | -€5,113 | -11.9% |
| Amounts payable | 17/49 | €453,040 | €445,548 | -€7,491 | -1.7% |
| Amounts payable within one year | 42/48 | €449,480 | €431,360 | -€18,120 | -4.0% |
| Trade debts | 44 | €228,746 | €246,400 | +€17,654 | +7.7% |
| Suppliers | 440/4 | €228,746 | €246,400 | +€17,654 | +7.7% |
| Advances received on contracts in progress | 46 | €23,243 | - | -€23,243 | |
| Taxes, remuneration and social security | 45 | €22,319 | €5,451 | -€16,868 | -75.6% |
| Taxes | 450/3 | €22,319 | €5,451 | -€16,868 | -75.6% |
| Other amounts payable | 47/48 | €175,172 | €179,510 | +€4,338 | +2.5% |
| Accrued charges and deferred income | 492/3 | €3,560 | €14,188 | +€10,629 | +298.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,029 | €67,143 | +€114 | +0.2% |
| Other operating charges | 640/8 | €14,159 | €16,492 | +€2,333 | +16.5% |
| Gross operating margin | 9900 | €80,943 | €63,606 | -€17,336 | -21.4% |
| Operating profit (loss) | 9901 | -€245 | -€20,029 | -€19,784 | -8083.7% |
| Financial income | 75/76B | €10,629 | €9,243 | -€1,386 | -13.0% |
| Recurring financial income | 75 | €10,629 | €9,243 | -€1,386 | -13.0% |
| Financial charges | 65/66B | €6,872 | €857 | -€6,016 | -87.5% |
| Recurring financial charges | 65 | €987 | €857 | -€130 | -13.2% |
| Non-recurring financial charges | 66B | €5,885 | - | -€5,885 | |
| Profit (loss) for the period before taxes | 9903 | €3,512 | -€11,643 | -€15,154 | |
| Transfer from deferred taxes | 780 | €5,113 | €5,113 | = | 0.0% |
| Income taxes | 67/77 | €5,229 | €4,502 | -€727 | -13.9% |
| Profit (loss) for the period | 9904 | €3,395 | -€11,032 | -€14,427 | |
| Transfer from tax-exempt reserves | 789 | €9,929 | €9,929 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,324 | -€1,103 | -€14,427 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.